noun the amount by which government expenditure exceeds income from taxation, customs duties, etc, in any one fiscal year Contemporary Examples Mitt Romney’s Pick of Paul Ryan: Bold Doesn’t Always Work Peter Beinart August 12, 2012 Meg Whitman Speaks Lois Romano May 18, 2011 The Case for a VAT Justin Green November 28, 2012 The […]
verb (transitive, preposition) to allocate, save, or set aside money for (a particular purpose, period, etc): we need to budget for a fuel increase this winter
installment plan. Historical Examples Main Street Sinclair Lewis
a resolution adopted by both houses of the U.S. Congress setting forth, reaffirming, or revising the budget for the U.S. government for a fiscal year.